Question
Please JUSTIFY or agree/disagree with the writer or answer the Above. And please do mention if you are justifying,agreeing,disagreeing or answering the above. Thanks The
Please JUSTIFY or agree/disagree with the writer or answer the Above. And please do mention if you are justifying,agreeing,disagreeing or answering the above. Thanks
The note should have intext citations. For example, anything with numbers or quotes per paragraph. The intent citation just needs to be the Author's last name and year it was published. Please also include REFERENCES. Thanks
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
One strategic decision being made by my hospital is to come up with creative ways to retain staff. There is a huge healthcare staffing issue throughout the country. One strategy to retain staff was to give retention bonuses out, with the understanding that employee would stay for a year after the bonus. Another strategic decision being made by my facility is block times for procedures and reporting utilization of those block times. By holding physicians accountable to 80 percent usage of their block time, it reinforces high volumes and ensures the department is being its most efficient.
By using a mathematical optimization model, one can represent his or her business as mathematical problems and adjust as is necessary depending on the company's current status (Rothberg, 2020). Optimization models are great because it functions as an objective, digital view of a business. Three characteristics of a business are included in these models, which include decision variables, constraints, and business objectives (Rothberg, 2020). These models are not solely mathematical. They take different decisions and external factors to help optimize current business structures. Especially in healthcare, which is ever evolving, using an optimization model can really help support management with its ability to change and grow with the business.
Reference:
Rothberg,E. (2020, August 24).How a mathematical optimization model can help your business deal with disruption. Forbes.https://www.forbes.com/sites/forbestechcouncil/2020/08/24/how-a-mathematical-optimization-model-can-help-your-business-deal-with-disruption/?sh=4925063b617b
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started